Christina Ricci Selling L.A. Home, Hunting for Bigger Place to House Family Member Displaced by Fires (Exclusive)

Christina Ricci is saying goodbye to her Los Angeles home.

Located in the Silver Lake neighborhood, the three-bedroom, four-bathroom property is officially hitting the market for $4.175 million, PEOPLE can exclusively confirm.

Ricci, 45, is looking to let go of the home in order to accommodate a family member who was displaced after the L.A. wildfires, a representative from listing agency Compass confirmed to PEOPLE. In order for her family member to live with her, the actress is finding a new home that will better fit the needs of her family.

Her Silver Lake abode is spread out across 3,400 square feet of space and offers stunning views of Downtown Los Angeles, the Silver Lake Reservoir and the surrounding mountains.

Lorraine Getz of Compass currently holds the listing.

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"This property is truly one of a kind and homes like this don’t come along often, especially in Silverlake,” says Getz. “What makes this home so special is the attention to detail—from the thoughtful layout that maximizes light and space to the well-crafted floor plan."

Looking inside the home, the kitchen offers a built-in coffee machine and long center island that flows into a dining table.

In the spacious living area, a sleek fireplace brings attention to the center of the space. Meanwhile, indoor/outdoor living is made easy thanks to the floor-to-ceiling sliding glass doors that lead out to the private deck and rooftop terrace.

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“This home is all about the views—some of the best in Silverlake! Floor-to-ceiling glass walls frame sweeping panoramas, and the rooftop deck takes it to another level,” says Getz.

In the primary suite, residents can enjoy a number of luxury amenities, including an additional fireplace, a spa-like bathtub, and a full glass wall that opens and offers panoramic views of the city skyline.

Outside, residents can relax by the pool or soak in more views in the spacious seating area.

Getz adds of the home, “It’s perched high on a cul-de-sac for ultimate privacy, yet just at the end of the street, a hidden staircase connects you to Silverlake’s best spots—amazing dining, coffee, and boutiques, all just moments away.”

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Ricci — who recently received her star on the Hollywood Walk of Fame on March 6 — is making the decision to sell her home following the devastating wildfires that swept through the city in January.

After the first blaze ignited on Jan. 7, multiple fires burned for weeks and forced thousands of residents to evacuate their homes. Firefighters worked tirelessly against strong winds and dry conditions to protect residents and contain the fast-spreading flames. The deadly Eaton and Palisades fires were finally fully contained on Jan. 31.

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